Papua New Guinea Sovereign Wealth Fund

Papua New Guinea N/A
Established: 2011
Transparency Rating: N/A		 Origin: Gas
Firm Investment Style: N/A
Entity Structure: N/A

 

Summary
The Papua New Guinea Sovereign Wealth Fund (PNG SWF) will consist of a Stabilization Fund and a Development Fund. The legal ownership of the sovereign wealth fund is the Independent State of Papua New Guinea.

Background
The ultimate goal of creating this sovereign wealth fund was to protect the economy and future development of Papua New Guinea by safeguarding resource revenues.

 Strategy & Objectives
The objectives of the fund are to support macroeconomic stabilization, support development objectives of the Government including long-term economic and social development, and support asset management in relation to assets accrued from natural resource revenue.

Governance
It will be governed by the Sovereign Wealth Fund Board.

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